Forex technical overview

EUR-USD => Uptrend in progress, targeting 1.4615 or even 1.4685 presuming that support around 1.4565 holds. Later a correction to 1.4565 - 1.4540 is expected.

GBP-USD => 1.9615 / 1.9675 levels should mark the end of an uptrend with a following correction to 1.9560 - 1.9520.
USD-CHF => While 1.1015 offers support the pair should move higher to 1.1050. Support at 1.1000. S/L slightly below 1.0950.

USD-JPY => Selling to 106.85 or even 106.45. Resistance at 107.65 should withstand all upward attempts. Breaking above 107.80 is in favor of bears.

EUR-JPY => A consolidation between 155.25 and 158.30 is expected.

EUR-GBP => Should see further attempts to test 0.7415. Pullbacks will be held at 0.7445.

EUR-CHF => 1.6080 / 1.6115 should mark the end of an uptrend for a pullback to 1.6045 - 1.6025.

AUD-USD => A test of 0.9070 or even 0.9110 is expected. Support level at 0.8985. S/L is placed slightly below 0.8981.

USD-CAD => Targeting 1.0060 and possibly 1.0105. Support levels - 0.9975 and 0.1000. S/L slightly below 0.9955.

GBP/JPY => Uptrend in progress. Resistance levels lie in round “00″ numbers. Nearest resistance at 211.70.

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Forex Technical report

EUR-USD => Expecting breakout and acceleration either above 1.4575 or under 1.4480.

GBP-USD => The pair will coil between 1.9430 and 1.9610 for a while.

USD-CHF => Attempting to reach 1.1075. Later a dip to 1.0965 or even 1.0905 should take place.

USD-JPY => A dip to 106.35 is expected with a possible correction to 107.30 - 107.00. Stop loss placed slightly above 107.60.

EUR-JPY => Could see another attempt to 154.30 - 153.35 and later the pair should find strength to climb to 155.80 or even 157.30. Still downtrend bias at the end.

EUR-GBP => From support of 0.7440 and 0.7416 we should see a rise to 0.7475 or 0.7485 followed by a down move to 0.7390 and lower.

EUR-CHF => Targeting 1.6040 and higher. Supports are at 1.5975 and 1.5990. Breaking of 1.5955 will be in favor of sellers.

AUD-USD => If support at 0.9015 holds, we should see a rally to 0.9095 or even 0.9120. Later a correction to 0.9015 - 0.8995 may take place.

USD-CAD => Targeting 1.0055 level and right after that preparing for a sell off down to 0.9970 or even to 0.9925.
GBP-JPY => Uptrend bias. Support at 208.35 level, targeting at least 211.00. Stops slightly below 208.00.

Forex Fundamental overview

GBP 4:30 AM EST Consumer Price Index (PPI) - if higher than forecast of 2.3% we should see a stronger Pound. Lower - weaker.

EUR 5:00 AM EST German ZEW Economic Sentiment - higher that -45 will make Euro weaker, lower - stronger.

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Forex technical analysis

EUR-USD => Expecting a test of 1.4540 with a following sell off to 1.4460 or even to 1.4405.

GBP-USD => Expecting a test of 1.9445 with a following sell off to 1.9400 or even 1.9350.

USD-CHF => Supports are at 1.1015 and 1.0995. Possible pullback to 1.1050 or 1.1065.

USD-JPY => Supports are at 107.25 and 107.10. Preferred outlook is for recovery to 107.55 or 107.65.

EUR-JPY => With support levels at 155.40 and 155.60 aiming at 156.30. Breaking below 155.17 is in favor of sellers.
EUR-GBP => Support levels at 0.7440, 0.7430 and 0.7475 are at watch. Resistance at 0.7460 to 0.7475-0.7433 area. Situation is uncertain.

EUR-CHF => Support at 1.5965 is at watch to be broken. If so a fall to 1.5935 is expected. Rising clearly above 1.6030 cancels bearish scenario.

USD-CAD => Expecting a move up to 1.0085 or even 1.015 presuming that 0.9950 - 0.9945 area holds, otherwise a severe break down can occur.

GBP-JPY => Downtrend bias. Resistance level at 208.40 if holds will allow a sell off to at least 207.40. Breaking above 211.00 would change prospectives to bullish.

Forex Fundamental analysis

Not much of important data today.

AUD 9:30 PM EST Retail Sales
AUD 10:30 PM EST Interest Rate Statement

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Forex technical update

EUR-USD => Support at 1.4400 should hold allowing a move up to 1.4460 - 1.4525 level.

GBP-USD => Support at 1.9310 should hold making an opportunity for an up move to 1.9405 - 1.9475.

USD-CHF => No trading is advised today. Expecting most likely consolidating activity between 1.1025 - 1.1200. Breaking above 1.1075 would signal for an uptrend invitation.

USD-JPY => While 107.05 and 106.70 offer support, we should see the pair trading higher towards 108.25. Stops placed slightly below 106.30.

EUR-JPY => Main support at 153.90 should hold for a rise to 156.55 and possibly to 157.45.

EUR-GBP => Waiting for a directional breakout below 0.7445 or above 0.7505.

EUR-CHF => 1.5915 - 1.5950 area should mark the end of a current fall. Later buying pressure should propel price to 1.6030 / 1.6055. Breaking below 1.5900 will cancel those plans.

AUD-USD => Main support at 0.8880 should hold allowing a rise to 0.8990 and possibly to 0.9035.

USD-CAD => Pullback down towards 1.0040 will be changed by a move up towards 1.0110 / 1.0130. Breaking above 1.0175 will add power to this up move.

GBP-JPY => Market is gaining strength to establish an uptrend, however, immediate downside potential remains while below 207.20/30. Pivots today are important. Pivot point today is at 207.99.

Forex fundamental update

CHF 1:45 AM EST Consumer Price Index (CPI) - News were released already.

CAD 7:00 AM EST Employment Change => Forecast is 10k. If Forecast = actual, no big market reaction. If Actual numbers come higher we’ll have a stronger CAD, lower - weaker CAD.

CAD 7:00 AM EST Unemployment Rate => Forecast 6.0%. If Forecast = Actual, again expecting no significant moves. Higher than 6.0% will make CAD stronger, while lower numbers - weaker.

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